Handle With Care: Phillips 66 (NYSE: PSX)

Currently, there are 430.46M common shares owned by the public and among those 417.48M shares have been available to trade.

The company’s stock has a 5-day price change of -6.01% and -8.14% over the past three months. PSX shares are trading -4.70% year to date (YTD), with the 12-month market performance up to 3.80% higher. It has a 12-month low price of $107.85 and touched a high of $174.08 over the same period. PSX has an average intraday trading volume of 2.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.79%, -7.34%, and -10.22% respectively.

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Institutional ownership of Phillips 66 (NYSE: PSX) shares accounts for 76.67% of the company’s 430.46M shares outstanding.

It has a market capitalization of $53.11B and a beta (3y monthly) value of 1.33. The stock’s trailing 12-month PE ratio is 10.89, while the earnings-per-share (ttm) stands at $11.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.53% over the week and 2.23% over the month.

Analysts forecast that Phillips 66 (PSX) will achieve an EPS of 2.48 for the current quarter, 2.32 for the next quarter and 12.98 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 2.15 while analysts give the company a high EPS estimate of 2.15. Comparatively, EPS for the current quarter was 4.63 a year ago. Earnings per share for the fiscal year are expected to decrease by -42.81%, and 41.60% over the next financial year. EPS should shrink at an annualized rate of -4.60% over the next five years, compared to 5.58% over the past 5-year period.

Looking at the support for the PSX, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on July 31, 2024, with the firm’s price target at $155-$162. TD Cowen on their part issued Outperform rating on December 04, 2023.

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